Statoil

Argentina on May 24 announced an easing of foreign exchange controls for the shale oil and gas industry in a bid to promote investment and boost production.

In an area known as Vaca Muerta in Patagonia, Argentina has what is considered the second-largest shale gas reserve in the world and the fourth largest of shale oil.

Greenpeace activists have boarded a rig that was due to sail to the Arctic to drill prospects on behalf of oil firm Statoil, the environmental group said yesterday.

British oil giant BP and energy-rich Azerbaijan on Sept. 14 prolonged their sharing deal for the Caucasus nation's largest oilfields until 2050.

"This time round, the contract is being signed on better terms for Azerbaijan," the ex-Soviet nation's President Ilham Aliyev said during a signing ceremony in the capital, Baku.

British oil company BP expects to sign a contract at the end of June extending its production sharing deal for Azerbaijan's biggest oilfields until 2050, the company's regional head said on May 31.

Oil major BP has agreed with Azerbaijan to extend a contract to develop the country's biggest fields by a quarter of a century to 2050 in a move to unlock billions of dollars of fresh investments in the Caspian Sea deposits.

The chosen by President-elect Donald Trump for Secretary of State Rex Tillerson, was until now the CEO of Exxon Mobile, the company which along with Qatar Petroleum were chosen by the Cypriot government to develop field No10 in the island’s EEZ.

At least 11 people died on April 29 when a helicopter transporting 13 people from a North Sea oil platform crashed off the coast of western Norway, rescue services said.
 
"Eleven people found, none alive. Search continuing for the two others," the Sola rescue centre tweeted around three hours after the crash.
 

A helicopter carrying eleven passengers and two crew members crashed off the western coast of Norway on Friday.

Eleven people have been found dead, while two are still missing. Eleven of the people on board were Norwegian, one was British and one Italian.

Norway?s Statoil announced the closure of its offices in Turkey on June 15, after its sale of a stake in Malaysian company Petronas? Shah Deniz project in Azerbaijan.

Delyan Dobrev, head of Bulgaria's parliamentary energy committee, has presented an upcoming tendering procedure for two Black Sea exploration blocks to representatives of Norwegian oil and gas company Statoil.

Dobrev met Tuesday with Rune Bjørnson, Senior Vice President for Natural Gas in Statoil, and Tony Doré, Senior Advisor to Exploration Management at the company.